In 2025, Argentina sold USD 374 million of goods to South Africa and bought USD 132 million from it. The DESTA database lists 2 trade agreements that include both countries, the most recent being MERCOSUR Southern African Customs Union (SACU) (2016). Both are members of the G20. Their agreement score in UN General Assembly voting was 87 percent in 2023, and 92 percent on average over 2019 to 2023.
Benefits
BothTrade in machinery, vehicles and iron and steel runs both ways in similar amounts: Argentina sold USD 56.4 million and South Africa sold USD 76.2 million in 2025.
BothMERCOSUR Southern African Customs Union (SACU), signed 2008 and in force since 2016.
BothBoth are members of the G20.
Constraints
BothTwo-way trade in agricultural and food products fell 53 percent, from USD 421 million in 2019 to USD 196 million in 2025.
BothTwo-way trade in machinery, vehicles and iron and steel fell 40 percent, from USD 222 million in 2019 to USD 133 million in 2025.
BothFlows are one-sided: in 2025, Argentina sold USD 193 million of agricultural and food products, against USD 3.7 million the other way.